Foodservice Equipment Reports

Checker’s Acquired By Huddle House Parent

The owner of the 400-unit Huddle House chain is branching out and acquiring Checkers Drive-In Restaurants.

Sentinel Capital Partners, a private equity firm, has inked a deal to purchase Checkers and its stablemate Rally’s from Wellspring Capital Management. The Tampa, Fla., company has about 800 drive-in outlets in more than two dozen states. The deal, announced in mid-January, is expected to close within 60 days. The terms of the stock purchase agreement are confidential.

Wellspring acquired Checkers and Rally’s in 2006 for an estimated $188 million. The firm reportedly has been seeking a buyer for Checkers since last September. In December 2012, Sentinel sold Southern California Pizza, a 224-unit Pizza Hut franchisee based in Corona, Calif., to Sterling Investment Partners. The New York-based firm also has invested in Buffet’s Inc. and Tony Roma’s.

Related Articles

Huddle House Acquired By Sentinel Capital Partners

Sentinel Capital Sells Huddle House

Huddle House Plans 10 NYC Sites

Related Events

07 Aug

FER 2019 President’s Preview E&S Market Forecast

01 Aug

FER President’s Preview E&S Market Forecast Webinar Series (August Dates TBD)

05 Oct

Anuga

Cologne